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View all results Newtek Bank12-month CD · 12 monthsillustrative · Jul 20, 2026 · 9:12am ET · source4.30%APY · about $1,290 SoFi BankHigh-yield savings · No fixed termillustrative · Jul 20, 2026 · 9:08am ET · source4.50%APY · about $1,350 Ally Bank11-month no-penalty CD · 11 monthsillustrative · Jul 20, 2026 · 9:04am ET · source4.00%APY · about $1,098
BR
12-month CD · 12 months
Bread Savings
Open directly with the bank
4.55%APY
About $1,365 through its 12 months maturity on your $30,000
illustrative rate · checked Jul 20, 2026 · 9:15am ET · Bread Savings rate page
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Why this is safe
Why this is safe
Your $30,000 is within the standard $250,000 FDIC limit at this bank, assuming you hold no other deposits there in the same ownership category.
Bread Savings deposits are held by Comenity Capital Bank, Member FDIC, certificate 57570.
If the bank fails, the FDIC normally transfers covered deposits or repays them directly.
Rates by time
Rate and term table
already includes . Every row estimates dollars through that row's term; non-deposit yield measures are not guaranteed cash flows.
| Time | Sample APY | Estimated dollars on $30,000 |
|---|---|---|
| 6 months | 4.15% | About $616 through 6 months |
| 1 yearSelected | 4.55% | About $1,365 through 1 year |
| 2 years | 4.35% | About $2,667 through 2 years |
| 3 years | 4.20% | About $3,941 through 3 years |
| 5 years | 4.00% | About $6,500 through 5 years |
Getting out early
What access really costs
Exit this 12 months product at month 6 → penalty about $673 on your amount → effective annual return about 0.01%.
Worked estimate: $675 gross interest through month 6, before tax. Confirm the provider's calculation.Interest schedule
When the money reaches you
ScheduleMonthly or at maturity
Monthly-income example$114 a month before tax if paid monthly
Through stated maturityAbout $1,365 before tax through its 12 months maturity
Taxes
Headline rate versus what you keep
Choose your state in After taxes for a complete estimate. The figure below currently uses 0% state tax.
Federal treatmentGenerally taxable as interest or investment income
State treatmentGenerally taxable by your state
Estimated after-tax yield3.46% = $1,037/yr at 24% federal and no state selected (0%)
Tax form
How to open
What you will need
About 10 minutes. Hugo does not collect any of this information.
- 01Social Security number
- 02Driver’s license or government ID
- 03Funding account and routing number
Provider record
Bread Savings
CharterDeposit brand of Comenity Capital Bank, a Utah-chartered, FDIC-supervised bank
RegulatorFDIC · Utah Department of Financial Institutions
FDIC certificate57570
Operating since2019
Phone1-833-755-4354
Rate sourceBread Savings rate page
illustrative rate · checked Jul 20, 2026 · 9:15am ET · Bread Savings rate page
Against the Treasury curve
Published rates by time
Dots preserve each product's published rate type; the selected product is ringed. Dollar estimates use the terms stated on each product.
5%4%3%
Bread 4.55% APY · about $1,365
Same job, different trade-offs